Album: The Eminem Show
The term "Say Goodbye Hollywood" is Eminem's way of saying, in the wake of being arrested for a run-in with a bouncer at a club, that he's ready to push aside the drama in his life. The song expresses his wish to be able to say adios to fame and all its trappings. He'd take himself out, but he has a little girl to raise and he never wants to end up like his dad, who wasn't there for him when he needed him most.
This was Eminem's mindset around the time he slid into a gloomy haze of drug abuse that would take him years to get out of: "I'm trapped, If I could go back, I never woulda rapped/I sold my soul to the devil, I'll never get it back/I just wanna leave this game, with level head intact/Imagine goin' from being a no one to seein'/Everything blow up and all you did was just grow up MCing/It's fucking crazy, 'cause all I wanted was to/Give Hailie the life that I never had/But instead I forced us to live alienated..."
Sometimes saying goodbye isn't easy.